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A congressional panel, probing how money from the huge bailout of insurer American International Group Inc was spent, grilled Treasury Secretary Timothy Geithner on Wednesday about his role.

Treasury Secretary Timothy Geithner denied any role in disclosures about American International Group's payments to banks and defended his decisions as New York Federal Reserve chief to pay full price to retire AIG credit default swaps.

The New York Federal Reserve Bank actively supported insurer American International Group's regulatory requests to keep its bank counterparties confidential but did not pressure the bailed-out firm for secrecy, the bank's top lawyer said on Tuesday.

The New York Federal Reserve Bank actively supported American International Group's regulatory requests for confidentiality on its bank counterparties but did not pressure the insurer for secrecy, according to the top lawyer of the New York Fed.

Former U.S. Treasury Secretary Henry Paulson and ex-New York Fed Chairman Stephen Friedman will testify at a congressional hearing on bailed-out insurer AIG's payments to banks, a committee aide said on Tuesday.

Former U.S. Treasury Secretary Henry Paulson and former New York Federal Reserve Chairman Stephen Friedman will testify at a congressional hearing into bailed-out insurer AIG's payments to banks on Wednesday, a committee aide said on Tuesday.

A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank's actions on insurer AIG's disclosure of payments to banks after its 2008 rescue, excerpts of prepared congressional testimony showed on Monday.

AIG's talks to sell its foreign life insurance business offer hope that U.S. taxpayers might recoup their investment in the bailed-out insurer, but it is far from getting off federal life support.

American International Group Inc said it has restricted the personal use of corporate aircraft by its executives, other than its chief executive.

A substantial number of AIG's Financial Products employees set to get some $195 million in retention payments no longer work with the bailed out insurer, sources familiar with the matter said on Wednesday.

A unit of Warren Buffett's Berkshire Hathaway Inc , General Re, has agreed to pay $92.2 million to settle accusations that it helped American International Group Inc and Prudential Financial Inc manipulate financial statements, the U.S. government said Wednesday.

U.S. regulators filed a lawsuit against Berkshire Hathaway Inc's General Re alleging the reinsurer used sham transactions to help manipulate American International Group Inc and Prudential Financial Inc's financial statements, according to documents filed in a New York federal court on Wednesday.

Federal Reserve officials on Tuesday launched a vigorous defense of their dealings with American International Group , calling for a congressional audit and denying any inappropriate action with respect to payments the bailed-out insurer made to banks.

U.S. Federal Reserve Chairman Ben Bernanke on Tuesday asked a government auditor to conduct a full review of the central bank's actions in bailing out insurer AIG, seeking to quell a controversy that risks undermining the Fed's authority.

U.S. Federal Reserve chairman Ben Bernanke on Tuesday weighed in to a simmering controversy over the Fed's actions in bailing out major insurer AIG in 2008, asking a government auditor to conduct a full review of the matter.

American International Group Inc is exploring several ways to repay $26 million of the $45 million in bonuses that executives at its financial products unit pledged to return last year, including a plan to cut 2010 bonuses but pay them out early, a source familiar with the matter said on Monday.

The New York Federal Reserve Bank actively worked with bailed out insurer AIG to build a case against disclosing details of AIG's payments to banks just days after the insurer considered making them public, documents released late on Saturday showed.

U.S. Treasury Secretary Timothy Geithner said on Thursday the bailout of insurer American International Group was not meant to help out bank counterparties and that he had no role in the decision not to disclose payments made to banks.

U.S. Treasury Secretary Timothy Geithner will testify about insurer AIG's payments to banks after its 2008 bailout, a congressional panel said on Thursday, as another committee weighed into the matter.

Billionaire investor Wilbur Ross on Thursday said he was not considering buying American International Group's mortgage insurance unit United Guaranty.

The chairman of a U.S. congressional panel said he wants to see all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.

The chairman of a U.S. congressional panel said on Wednesday he wants all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.

Calls for an inquiry into whether the New York Federal Reserve improperly urged insurer AIG to limit discussions of payments to banks grew on Tuesday as a senior lawmaker issued a subpoena for fuller disclosure.

U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank under Timothy Geithner urged insurer AIG to limit discussions about payments to banks, a Republican lawmaker said on Tuesday.

U.S. lawmakers on Friday pressed for Treasury Secretary Timothy Geithner to testify on whether the New York Federal Reserve Bank improperly pressured AIG to withhold information on payments it made to banks after its government bailout.

The New York Federal Reserve Bank did not bring securities law disclosures for insurer American International Group Inc to the attention of Timothy Geithner, who headed the bank at the time of AIG's bailout in 2008, the bank's top lawyer said on Friday.

The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released on Thursday showed.

As Congress moves to reform U.S. financial regulation, key senators are nearing bipartisan agreement on stripping the Federal Reserve of its authority to supervise banks, two people familiar with the matter said.

A top executive at American International Group Inc has resigned because of pay curbs imposed by the Obama Administration's pay czar, the insurer said on Wednesday.